Navigating state tax implications for REITs
July 14 @ 1:00 pm – 2:00 pm EDT
This webcast will examine the state and local tax treatment of real estate investment trusts (REITs), addressing the technical complexities with practical approaches. We will go through common pitfalls with REIT state income tax reporting: dividends-paid-deduction mechanics, net operating loss (NOL) utilization and combined reporting regimes. As we delve into more advanced considerations, we will discuss transaction and transfer-tax obligations, emerging legislative developments, and critical 2025 filing season considerations.
The following topics will be discussed:
- REIT basic concepts for state and local taxation
- Dividends-paid-deduction complexities
- NOL utilization considerations
- Combined reporting requirements
- Transaction and transfer-tax considerations
- State legislative updates impacting REITs
- Filing season reminders for tax year 2025
Learning objectives
Describe state & local tax considerations for REITs, including practical tax approaches, reporting requirements and recent relevant legislative developments.
Panelists
- Joe Betesh, Senior Manager, State & Local Tax, Ernst & Young LLP
- Stuti Grover, Partner, State & Local Tax, Ernst & Young LLP
- John Kort, Senior Manager, State & Local Tax, Ernst & Young LLP
- Matt Sutterlin, Senior Manager, State & Local Tax, Ernst & Young LLP
Moderator
- Amy McLocklin, Partner, State & Local Tax, Ernst & Young LLP
EY webcast managed and produced by Ernst & Young LLPโs Tax Technical Knowledge Services Group, Washington, DC: Lynn Fairfax
CPE Information (for live events only)
Delivery Method: Group Internet Based
Program Level: Basic
Prerequisites: None
Advanced Preparation: None
Refunds & Cancellations: This course is offered free of charge, therefore there are no refunds given. In the event that a course must be cancelled, participants will be contacted via the email addressed submitted during registration.
Complaint Policy: For complaints or concerns, please submit an inquiry here.
Note: CPE credit is awarded for live webinars only. For more information, visit: https://www.ey.com/en_us/media/webcasts/cpe.
Ernst & Young LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
